Fed Govt Raises VAT By 2.2%
The Federal Executive Council (FEC) took some far-reaching decisions at its maiden weekly on Wednesday. It approved the increase of the Value Added Tax (VAT) from five per cent to…
Budget: FG Proposes N9.78trn For 2020
…commences deduction of N614bn bailout to states By Ayobami Victor The Federal Government has presented the medium term expenditure framework and fiscal strategy paper (MTEF/FSP) where it proposed a total…
China Removes Several US Products From Tariffs List
China on Wednesday said it would spare a number of US products from punitive tariffs in what is seen as an olive branch by Beijing in the protracted trade war…
FG To Begin Deduction Of N614bn Bailout Funds To States
Biodun Bidemi The Federal Government will, from September, begin deduction of the N614 billion bailout funds it gave to states for payment of salaries of workers in 2016. The Minister…
Access Bank’s First Post-Merger Hits N74.1bn
Declares 25k Interim Dividend Access BankGroup’s audited H1 results released this week to the Nigerian Stock Exchange (NSE) showed Gross Earnings of N324.4billion, up 28% from N253.0 billion in the…
Nigeria Tragically Living On Borrowed Time —World Bank
The Senior Agriculture Economist, World Bank, Dr. Adetunji Oredipe, on Thursday said the neglect of the agriculture sector when Nigeria’s economy became increasingly dependent on oil has proved to be…
Document Shows Business History Of P&ID, Which Wants Nigeria’s $9 Billion
The British company that got a $9 billion judgement against Nigeriahas a history of business dealings in Nigeria, a court document seen by our correspondent shows. The P&ID is the…
NNPC Starts Repair Of Ruptured Oil Pipeline In Delta
Malam Mele Kyari, the Group Managing Director, Nigerian National Petroleum Corporation has said that the corporation has begun repair of its damaged Abura Crude Trunkline. The PREMIER NEWS reports that…
Africa Import $50bn Worth Of Food Annually —AFDB
The African Development Bank has said that African countries import nearly 50 billion dollars net of food annually. A statement by AfDB’s Communication and External Relations Department said the bank’s…
Elumelu Challenges Japan – “Partner with us in Empowering African Entrepreneurs”
By Lukman Amusa African investor and philanthropist Tony O. Elumelu CON, urged the Government of Japan to invest 5% of its $50billion commitment to Africa, in empowering African entrepreneurs. He…
